Introduction

Bitlumens offer a peer to peer platform where users adopt PV systems to reduce carbon emissions and get access to lighting and water in places where there is no power grid or proper access to water. Our platform allows the payment of the hardware in installments and using Bitlumens tokens (BLS). Bitlumens is a blockchain company which was created to bring solar power and water to rural and far away communities. The company’s technology is powered by both the blockchain technology and the internet of things.

It is also a software for service platform which will provide a place where the users find the electricity and humanity, hope.

The platform will render out solar power to the electricity and power deprived households with the help of blockchain technology. The user can demand solar panels to be instilled in their homes by issuing requests on the app. These requests can then be seen by the banks for financial services and installment purposes. In this way, the users will be contacted by the banks for a bank account and the solar energy can evict the other energy means which are harmful to the mother nature.

Advantages of Bitlumens

Access to microloans and other financial services for billions of unbanked people,Contributes to the United Nations Sustainable Development Goals and avoid expensive remittance fees usually charged for micro-lending.

Devices can be locked when users are late with their monthly fees. This provides the necessary security to issue microcredits. On the other hand, users have full control over their data. Only they decide who can access and use it.

Also, a Software as a service as been developed(SaaS), which is accessible through BitLumens platform to get access to a variety of data points such as digital IDs, credit score records enabling investors to visualize the amount of power produced and the credit score of the borrower, giving them full transparency of their investment and its impact in remote places.

The market is huge, about 1.2billion projected and Latin America as been planned as a startup, Panama, Honduras, Nicaragua, and Guatemala. It as got strong potential to be a huge success and investors need not worry.

How Does It Work

The main idea of the company is to bring a user and eco-friendly internet of things DEVICE to bring energy and water to places which are unbanked and do not have a power grid. The agents of the company will install the hardware and collect the payments.

The company will use the app to collect information about the consumption of each client and know how much to charge for each one of the team.

The tokens will be used to access the platform. The Bitlumens systems use the Ethereum-based ERC20 tokens and the Ethereum blockchain to work( a smart token). The tokens will work as a participation rights token which allows investors to support the development of the company and to take decisions but does not represent an equity in the company. The platform will work by consensus.

Also, the tokens will be purchased by farmers and people who live in the affected areas by the company’s program. They will be able to purchase power, electricity and water from the Bitlumens device.

The company plans to use clean technologies to provide to rural communities which need to use kerosene, plastic, battery torches and candles as they do not have access to electric power. By using these devices, these people would have a way to improve their businesses and their quality of life.

Token & ICO

The duration of the ICO is 28 days

Starts June 19th 2018

Ends July 16th 2018

Token: BLS

Platform: Ethereum

Type: ERC20

Pre-ICO Price: 1 BLS = 0.0007 ETH

ICO Price: 1 BLS = 0.001 ETH

Total Supply: 50,000,000 BLS

Soft Cap: $1,000,000

Hard Cap: $25,000,000

Conclusion

Bitlumens is indeed one of the most ambitious blockchain projects we have seen and one with enormous potential . It put forward a promising solution to curb the extensive usage of non-renewable resources for power generation. Apart from helping in reducing the usage of non-renewable resources, BitLumens also contributed largely in bringing down the cost of electricity and making it affordable to every individual living.